Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) Sees Unusually-High Trading Volume – Still a Buy?

Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) shares saw strong trading volume on Monday . 1,590 shares were traded during mid-day trading, an increase of 298% from the previous session’s volume of 400 shares.The stock last traded at $51.98 and had previously closed at $53.00.

Goldman Sachs MarketBeta US 1000 Equity ETF Stock Performance

The business has a 50 day simple moving average of $52.03 and a 200-day simple moving average of $50.62. The stock has a market capitalization of $1.88 billion, a P/E ratio of 25.43 and a beta of 1.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Goldman Sachs MarketBeta US 1000 Equity ETF stock. FMR LLC acquired a new position in Goldman Sachs MarketBeta US 1000 Equity ETF (NYSEARCA:GUSA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

Goldman Sachs MarketBeta US 1000 Equity ETF Company Profile

The Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA) is an exchange-traded fund that is based on the Solactive GBS United States 1000 index. The fund tracks an index of 1,000 US large-cap companies selected and weighted by market-cap. GUSA was launched on Apr 5, 2022 and is managed by Goldman Sachs.